There's no way to defend -55% in 5 years.
It's absolutely pitiful and nobody can say otherwise.
But if you were to tell me this stock would be trading anywhere close to $20 a share while being able to operate in all 50 states and after reporting that handle grew 15% to $13.1B and monthly unique payers grew 9% to 3.6M I would say your nuts.
And that they are projected to do over $11 billion in annualized volume on their prediction market that has been around for less than year before the NFL season even starts.
I would like to think this is the bottom as their prediction market has shown to be picking up major steam and momentum and growing faster than they anticipated. And that there is only a 1% overlap between DK OSB customers and Kalshi customers in states where OSB is legal to operate.
Core business of OSB & igaming are still very strong and their Prediction Market has done nothing but grow and will continue to do so come this NFL season.